The third-quarter Global Economic Outlook from Deloitte University Press looks at the economic situation and the outlook for Brazil, the eurozone, China, India, Japan, Russia, the United Kingdom and the United States. The report indicates that the eurozone economy is on the mend, the Brazilian and Russian economies are in recession, the U.S. economy is rebounding from a weak first quarter, and the Chinese economy is growing relatively slowly. Meanwhile, the U.K. economy likely will see a rebound in growth, and in India, aside from GDP figures, other economic indicators have been subdued.

Canada shed fewer jobs than expected in June and the unemployment rate held steady, which could help ease some worries about the overall health of the Canadian economy after a string of weak economic indicators.

The Federal Reserve's policy meeting will highlight the week, though economists don't expect any move on interest rates. We also get a first peek at second-quarter gross domestic product and employment costs, key data points as Fed officials weigh their first rate increase since 2006.

Canada’s trade gap widened more than expected in May as non-energy exports fell, indicating that Canadian exporters outside the oil patch are struggling despite a weaker Canadian dollar and a strengthening U.S. economy.

The week ahead will offer no shortage of economic indicators, including April employment data on Friday, GDP growth for the first quarter on Wednesday, a consumer confidence reading on Tuesday and pending home sales at 10 a.m. today. On that last metric, market watchers expect that the pending-home-sales index grew by 0.6% in March. That would be its first positive...